News

Baltimore-based solar-panel developer MMA Renewable Ventures announced Tuesday it had used all of the nearly $200 million raised from its Solar Fund III to build 20.6 megawatts (MW) of new solar photovoltaic production capacity in the United States.

The federal budget presented by Canadian Finance Minister Jim Flaherty on Tuesday includes support for clean energy, although the details remain sketchy and the effort falls short of U.S. President Barack Obama's more ambitious cleantech plans.

The fallout from the Bernard Madoff scandal continues at Spain’s largest bank, which said yesterday it would close several hedge funds burned by Madoff and seek to settle Madoff-related claims made against it.